Software Development for Financial Services, Insurance and FinTech
The financial services and insurance sectors are primary drivers of our nation’s economy, and our clients in this space offer everything from lending and financial advisory, to payment systems and insurance products. They help manage risk and provide the free flow of capital and liquidity to make markets run – we help them build the software to do it.
Our client, a Fortune 500 global provider of insurance and risk management products and services, had two revenue-generating applications that needed upgrades in order to reduce time-consuming manual processes and meet one of their largest client’s demands for new features. Learn how our team helped this client accelerate their time-to-revenue and reduce engineering costs.
At risk of being out of Financial Crimes Enforcement Network (FinCEN) compliance, our FinTech client needed to adjust how they audit and track suspicious financial activity. The company needed a partner with experience working in heavily regulated financial institutions to create a new system or risk major consequences to their bottom line.
A leading financial services provider specializing in money transfers had traditionally provided its services on a cash only basis through its walk-in retail storefront locations. However, shifting consumer demand and online offerings from competing institutions created the need for an online money-transfer service.
Our team quickly stepped in to help our client bring their online platform to the market. We conducted an assessment of the existing application and code and provided a roadmap for readying the site for an internal soft launch, then completed the necessary enhancements and readied the site for initial launch. Following a successful soft launch, we developed further enhancements required for international operation.
This healthcare technology and services organization offering solutions for healthcare billing and payments, landed a deal to integrate a New York City-based health insurance provider’s platform into their proprietary billing software. We came in to help with the integration and a successful MVP, while helping to expand their core offering to include out of network functionality.
After completing the integration of the health insurance platform, they experienced an increase in sales and the build-out of network capabilities has increased their potential customer base exponentially.
The accelerating growth of a leading national consumer lender specializing in the home-improvement industry meant they needed to modernize their processes, while enhancing the user experience for both their borrower and dealer network users.
We developed multiple applications to provide a better experience for their users and resolve many of the compliance challenges they were experiencing. One consumer application gave customers more visibility into their loan, leading to improved customer service scores on sites like Better Business Bureau (BBB). It also saved our client over $3,000,000 annually in postage fees.
Sparq provides software engineering outsourcing for a variety of financial services, insurance and fintech companies, specializing in multidisciplinary agile teams to build, deploy and support mission critical software.
Sparq helps you envision your product’s future using a collaborative, outcome-based approach. We combine strategy, design and development to bring products to market quickly and generate lasting value for your business.
Sparq helps you modernize and migrate your legacy applications making them more scalable and ready for the digital future; enhancing performance, minimizing complexities, tackling technical debt and fostering growth.
Sparq helps you unleash your data’s full potential – from collection and storage to advanced analytics and AI. We can help you leverage your data to automate processes, predict trends, enhance experiences and make informed decisions for digital growth.
Sparq takes responsibility for the ongoing improvement, monitoring and support of your products and applications, ensuring their seamless operation and performance.
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